Chicago, April 20 – Marble Point CLO Management LLC refinanced two classes of notes for $375 million from the Marble Point CLO X, Ltd. transaction, according to a notice.
The refinancing notes, still due Oct. 15, 2030, include the $325 million of class A-R senior floating-rate notes at Libor plus 104 basis points and the $50 million of class B-R senior floating-rate notes at Libor plus 168 bps.
Marble Point is still managing the collateral for the remaining reinvestment period.
Collateral for the notes comes primarily from senior secured loans and eligible investments.
Marble Point CLO Management is part of Greenwich, Conn.-based alternative asset manager Marble Point Credit Management LLC.
| Issuers: | Marble Point CLO X, Ltd./Marble Point CLO X LLC
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| Amount: | $375 million
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| Maturity: | Oct. 15, 2030
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| Securities: | Floating-notes
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| Structure: | Cash flow CLO
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| Manager: | Marble Point CLO Management LLC
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| Announcement date: | April 15
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| Class A-R notes
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| Amount: | $325 million
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| Securities: | Floating-rate notes
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| Coupon: | Libor plus 104 bps
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| Rating: | Moody’s: Aaa
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| Class B-R notes
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| Amount: | $50 million
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| Securities: | Floating-rate notes
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| Coupon: | Libor plus 168 bps
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| Ratings: | Moody’s: Aa2
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